On 24 March 2020, the prime minister (PM) announced a hard, 21-day lock-down to deal with the COVID-19 pandemic. The impact on people and businesses was immediate and devastating. India is among the worst-hit economies with a 23.9% decline in GDP (gross domestic product) announced by the CSO...
  • The official audit of star rating system of electrical appliances has found serious flaws in the testing mechanism that resulted in inefficient and environmentally polluting refrigerators and air conditioners worth Rs 2,238 crore being sold in the market.   The Comptroller and Auditor...
  • Market regulator Securities and Exchange Board of India (SEBI) has barred promoters and directors of Dewan Housing Finance Corporation Ltd (DHFL), including eight members from the Wadhawan family and four of their companies for issuing fraudulent statements  and cooking the books...
  • Market regulator Securities and Exchange Board of India (SEBI) has increased its penalty to Rs1 crore each on India Ratings and Research Pvt Ltd, Care Ratings and ICRA Ltd for default committed in rating Infrastructure Leasing & Financial Services (IL&FS) and its subsidiary company IL&FS...
  • As the market regulator's recent change in norms regarding constitution of multi-cap schemes continues to cause some discomfort among mutual funds, SEBI (Securities and Exchange Board of India) Chairman Ajay Tyagi on Tuesday said that the regulator is not forcing anyone to invest in mid- or...
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